World’s 10 largest oil companies

Kuwait Petroleum Corporation
Kuwait’s national oil company, Kuwait Petroleum Corporation was founded in 1980 and is one of the world's largest integrated oil concerns. The company markets about 301,000 barrels per day of petroleum products in Western Europe.

Saudi Amarco
Officially known as Saudi Arabian Oil Company, it is a national oil and gas company based in Dhahran, Saudi Arabia. The company’s operations include chemicals, exploration, refining, producing, distribution and marketing. In 2012, Saudi Amarco had oil reserves of 260 billion barrels and also owned 283 trillion cu. ft. of natural gas reserves.

National Iranian Oil Company
A government owned corporation, National Iranian Oil Company is headquartered in Tehran, Iran. The company is responsible for extraction, exploration, transportation and exportation of crude oil as well as sales of natural gas and liquefied natural gas. It produces more than 4.2 million barrels of crude oil per day from its 137 billion barrels of reserves in place.
 

Qatar Petroleum
Qatar Petroleum is a state owned petroleum company that operates refining, production, exploration, transport and storage as a part of oil and gas activities. The company has onshore crude oil reserves of 1,842 million barrels and onshore gas reserves of some 8 trillion cu. ft.

 

 

 

 

 

 

 

 

 

 

Iraq National Oil Company
Founded by the Government of Iraq, Iraq National Oil Company is a corporation which operates all aspects of the oil industry in the country except for refining. According to the Republic of Iraq, Ministry of Oil official website, the oil exports for the previous November 2012 which was 78.6 million barrels.

 

 

Petróleos de Venezuela
Petróleos de Venezuela is a state owned oil and gas company. The company’s activities include production, exploration, refining and exporting oil as well as exploration and production of natural gas.

Abu Dhabi National Oil Company
The Abu Dhabi National Oil Company is one of the leading oil companies in the world by reserves and production. With access to the country’s oil and gas reserves the company operates two oil refineries which are Ruwais and Umm Al Nar. It also oversees oil production of more than 2.7 million barrels a day and has proved reserves of 6.1 trillion cu. ft. of natural gas.

 

 

Libya National Oil Corporation
Dominating Libya’s oil industry, Libya National Oil Corporation is accountable for almost 95 percent of the country’s export. The company’s estimated reserves are 46 billion barrels of oil and 1.5 trillion cu. meters of natural gas.

Nigerian National Petroleum Corporation

The Nigerian National Petroleum Corporation was established in 1977 and conducts petroleum exploration and production. The company oversees 5,000 kilometers of oil and gas pipeline, 20-plus storage tanks and about 10 liquefied petroleum gas depots.

   

Sonatrach
Sonatrach is an Algerian government-owned company covers aspects of exploration, extraction, transport, and refining as a part of the oil industry. The company has global reserves of 225 million tons of oil and also operates a gas station network of more than 1,950 outlets. 

  

Given the dynamic nature of the industry, the figures here are likely to have changed. If you are aware of the latest data, kindly share the update by posting a comment below. Thank you.